Flat for sale in Jubilee Lane, Milton-Under-Wychwood, Chipping Norton OX7

Summary

Positioned at the end of a private cul-de-sac, this fine first floor apartment has an incredibly long lease and a wonderful open outlook best appreciated from the wide Juliette balcony in the sizable living room. Both the modern kitchen and bathroom are fitted to a high standard and the double bedroom has fitted wardrobes.

The property has the use of a communal patio area and one space in the parking area at the end of the building (although spaces are not allocated specifically to each apartment).

Tenure: Leasehold - with the benefit of the remainder of a 999 year lease granted Christmas Day 2005. There is a peppercorn (nil) ground rent and from 1st January 2024 the Service Charge cost is 133.28 per month

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

West Oxfordshire District Council (Tax Band B). Please note these images are taken from our archive and show the property as it was before the start of the current tenancy. Electric heating also dispenses with the need for gas safety certificates! Realistic current market rent of 900 per calendar month offers a gross yield around 6..45%.

Council Tax Band: B
Tenure: Leasehold
Length Of Lease: 980
Ground Rent Review Period: No ground rent
Annual Service Charge Amount: 1,600.00

For sale through Pattinson Auction under Conditional Terms.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.